ZTE cleared to resume US operations

ZTE could soon be back to work after signing a significant deal with the US government. In a statement, the US Commerce Department said it had signed a deal with the troubled Chinese technology firm which should clear the latter to return to normal operations. The ban on ZTE in the US will now be lifted when the company pays $400m into an escrow account - on top of the $1 billion fine it has already had to pay. “Today's announcement marks the beginning of the end of this long-running saga,” said Washington attorney Douglas Jacobson, who represents ZTE suppliers, according to Reuters .
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U.S. government signs an agreement with ZTE to lift export ban

ZTE will once again be able to conduct business with American component vendors.
ZTE's woes in the U.S. are about to come to a close. The Chinese telecommunications giant has signed an agreement with the Department of Commerce that will lift the export ban - which will allow ZTE to do business with American suppliers like Qualcomm. ZTE was issued a denial order in April after it was revealed that the manufacturer violated sanctions against North Korea and Iran.
ZTE is now required to complete a $400 million escrow payment, following which the ban will be lifted:
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